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Koerner Pl ace Apartments

FHA Acquisition & Refinance

Endorsed October 24, 2006

FHA #05311198

Deal Details

Location
KERNERSVILLE, North Carolina
Mortgage Amount
$2.9M
Units
80
Program
Acquisition & Refinance
Lender
COLLATERAL REAL ESTATE CAPITAL
Fiscal Year
FY2007

Current Loan Status

Active
Outstanding Balance
$1.9M($2.9M original)
Interest Rate
4.00%
Maturity
November 2041(16 years remaining)
Original Term
35 years
Holder
Grandbridge Real Estate Capital LLC
Servicer
Grandbridge Real Estate Capital LLC

Source: HUD BF90 Active Insured Mortgages · Data as of February 2026

Data Sources

Endorsement data: HUD FHA Multifamily Firm Commitments and Endorsements Database

Active loan data: HUD BF90 Active Insured Mortgages, as of February 2026

hud.gov multifamily data

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